Given that mortgage rates aren't expected to move to much in either direction any time soon, we fully expect the housing market will continue to thrive well into the foreseeable future.
More Quotes from Frank Nothaft:
Interest rates in general have been oscillating with every piece of economic news released lately,Frank Nothaft
Although mortgage rates rose this week, they are still about one percent lower than they were at this time last year, which has led to the current frenzy of refinancing.
Frank Nothaft
Long-term mortgage rates this week fell to levels equal to those experienced in April, reacting in large part to last Friday's news of less than stellar job growth in June, ... This is good news for those who are still house hunting, as lower rates mean more affordable housing.
Frank Nothaft
give the market better insight into whether the underlying core of inflation has picked up.
Frank Nothaft
Concern that long-term interest rates are too low and comments from Fed officials this week helped push mortgage rates higher this week,
Frank Nothaft
Over the past few weeks, financial markets have been gearing up for greater growth in the economy, which ultimately leads to higher inflation rates. As a result, mortgage rates increased for the second time this week.
Frank Nothaft
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